Word: mgm
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Dates: during 1980-1989
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What the movie business needs, everyone agrees, is a new blockbuster. That is what it got last week, but this one was not another Star Wars. It was the purchase by MGM of United Artists from Transamerica Corp. for $380 million...
Central casting has sent the moneymen to help direct the entertainment industry's new wave. They are businessmen who have earned their fortunes in other fields and are now conquering Hollywood. Examples: MGM's Kirk Kerkorian, a onetime airline financier, and Denver Oilman Marvin Davis, who liquidated his energy holdings in order to buy 20th Century...
...acquisition makes sense for both sides. United Artists seemed the odd man out in Transamerica's financial services company. Heaven's Gate had demoralized the firm and caused a management shakeup. MGM was attracted to UA because it owns a library of about 2,000 old films that can be sold to cable TV. MGM executives also want to control United Artists' worldwide distribution network, since they will now collect the distributor's 30% cut of their movies' gross ticket sales. Says Merrill Lynch Vice President Harold Vogel: "The merger means MGM will...
Hollywood called in the early 1940s, and Horne answered, eventually winding up in the office of MGM's Louis B. Mayer. She made it clear to him that she did not want to play maids, the usual role for black women then, but no one on the Culver City lot could think of any other part for a beautiful and talented woman with Horne's pigmentation. They finally decided that she was light enough to pass for a Latin. Horne insisted that she was dark enough to be what she was, a black. Perplexed, the studio bosses...
...MGM would have made only one change: they would have supplied a piquant biography. Color, however, is not wanted in a royal bride. Indeed, several earlier candidates for the Prince's chosen were dropped from competition because they had been rather too brightly painted in shades of scarlet. One, Fiona Watson, was discovered to have posed deshabille for Penthouse. Another, Davina Sheffield, was scratched after a former swain mouthed off about their life together. Perhaps a double standard should be etched into the royal coat of arms. "I wonder how the British people would react if they knew...